DUTCH BANK ACCOUNT

How To Open A Dutch Bank Account

A guideline to opening a Dutch bank account is provided on the following website: www.utwente.nl/en/education/student-services/ money-matters/bank-account/

ITC students, please refer to page 44.

WHY A DUTCH (STUDENT) BANK ACCOUNT?

- Scholarships administered by the University of Twente will only be transferred to a Dutch bank account.

- With a Dutch debit card you will be able to pay small amounts (“PIN payments”).

- You can purchase train tickets at the NS vending machines located at the railway station rather than using the office there.

- For visa students: If you wish to pay your tuition fee in installments (after your first year) then these amounts can only be withdrawn from bank accounts with an IBAN number.

- You can use the iDEAL (online) payment method. See the website for more information: www.ideal.nl/en